Deutz's Shares Surge 12%,
Leaving Analysts Baffled

By

William Boston Staff Reporter of The Wall Street Journal

Updated Feb. 4, 1999 12:01 a.m. ET

FRANKFURT -- Shares in German manufacturer Deutz AG surged 12% Wednesday, bucking the downward trend on the broader index of German blue-chip stocks, but analysts were at a loss to explain the sudden rise.

Some analysts attributed the jump to Deutz's announcement Tuesday of strong 1998 earnings and an upbeat forecast for this year. But most said the results fell short of their expectations, leaving them bewildered at the surge in the...